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The BOAD Board of Directors appoints Mr. Braima Luis SOARES CASSAMA as 2nd Vice-President of the institution.

The BOAD Board of Directors appoints Mr. Braima Luis SOARES CASSAMA as2nd Vice-President of the institution.

IMG_4160Lomé, June 9, 2021. The Board of Directors of the West African Development Bank (BOAD), chaired by Mr Serge EKUE, announces the appointment of Mr Braima Luis SOARES CASSAMA as second Vice-President of the institution for a renewable five (05) year term.

Previously Economic Advisor to the President of the Republic of Guinea Bissau, Mr. SOARES CASSAMA has held several positions in Guinea Bissau relating to finance and the economy, including that of Minister Delegate at the Treasury, in charge of fiscal affairs and public accounts. He also served as Deputy Director of Credit Institutions and Economic Financing, then Deputy Director of Banking Activities and Alternative Financing at BCEAO’s head office in Dakar (SENEGAL).

Mr. SOARES CASSAMA holds a MASTER 2 in Monetary and Financial Economics from the Institut Supérieur de l’Economie et Gestion (ISEG) in Portugal, a Master 1 in Economics from the University of Coimbra (Portugal), and is a graduate of the Centre Ouest Africain de Formation et d’Etudes Bancaires (COFEB) in DAKAR.

The appointment of BOAD’s second Vice-President comes at a time when the institution is busy rolling out its 3ème strategic plan, 2021-2025 (Plan DJOLIBA), and has embarked on a vast modernization project to bring it into line with international standards and thus enhance the quality of its services to member states. To date, the Bank’s total commitments since the start of operations in 1976 stand at 6, ,430.2, billion FCFA.

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About West African Development Bank

The Banque Ouest Africaine de Développement (BOAD) is the joint development finance institution of the countries of the West African Monetary Union (WAMU). According to Article 2 of its Articles of Association, the BOAD’s purpose is to “promote the balanced development of member states and achieve economic integration in West Africa” by financing priority development projects. It is accredited with the three climate finance mechanisms (GEF, AF, GCF). Since 2009, BOAD has been an observer at the UNFCCC and has played an active role in discussions concerning the construction of an international architecture for climate finance. Since January 2013, it has been home to the first Regional Collaboration Center (CRC) on the Clean Development Mechanism (CDM), whose aim is to provide direct support to governments, NGOs and the private sector in identifying and developing CDM projects.  It is committed to carbon neutrality by 2023.  WWW.BOAD.ORG